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$95,000

A great income opportunity in the ever growing, downtown Muskegon area! A total of 7 units, 2 storefront units with 5 upper apartments (four 1 bedroom units & 1 studio). New roof in 2003, new $12,000 boiler in 2007 and new 40 gallon water heater in 2007. Wide hall way with 2 exits solid brick building with a full basement. Stairways from apartments. All Utilities included. Contract terms are $30,000 down, 6% interest for 15 years at $710 per month. Buyer to verify all information. 48 hour minimum due to tenants. Taxes and sizes to be verified. Annual expenses for new buyer are estimated to be: Contract Payment ($8520), maintenance ($2412), Utilities ($12,750), Taxes ($2990),Insurance ($1402) This projects an estimated annual net of $8,489. Incomes: unit 1 - $350, unit 2 - $425, unit 3 - $4

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The Michigan City of Muskegon is the most populous city along the eastern side of Lake Michigan. It is located in Muskegon County and has an overall population of nearly 40,000. The city is a popular destination for swimming, sailing,…

John D'Ambrogio

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Your personal information is strictly confidential and will not be shared with
any outside organizations. Upon submitting this form, you
will be contacted by an agent to assist you.